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Lowest closing price since 1 October 2003
Gold closed at $387.00 per troy ounce on 1 April 2004, down $40.30 (9.43%) from the previous close of $427.30.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $339.10, making this a +14.13% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $387.00 per troy ounce on 1 April 2004. That is $40.30 lower than the previous close of $427.30, a move of -9.43%.
The gold price fell on 1 April 2004, losing $40.30 (9.43%) against the previous session's close of $427.30.
At $387.00 per troy ounce, one gram of pure gold was worth about $12.44 on 1 April 2004. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 April 2004 18k gold was worth about $9.33 per gram and 14k about $7.26 per gram, against $12.44 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.7 on 1 April 2004, meaning one ounce of gold was worth roughly 63.7 ounces of silver.
A week before 1 April 2004, gold was around $427.30 per troy ounce, so the close of $387.00 is a loss of 9.4% over the week.
A month before 1 April 2004, gold was around $427.30 per troy ounce, so the close of $387.00 is a loss of 9.4% over the month.
A year before 1 April 2004, gold was around $339.10 per troy ounce. The close of $387.00 therefore represents a rise of 14.1% over twelve months.